Diligence memo · auto-generated · as of July 2, 2026
ARMORY, Inc.
ARMORY, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
ARMORY, Inc. operates in Other Technology, based in SAN MATEO, CA, USA; Remote. Continuous Deployment at any scale, for all developers.
Sub-sector tags: Developer Tools, DevSecOps.
Capital & rounds (filed)filed
ARMORY, Inc. has raised $31M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $31M on 2020-10-07.
Most recent recorded round closed around 2020-10-07.
Valuation (modeled)modeled
Provath models ARMORY, Inc. at approximately $860M (range $76M–$3.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.71× the median modeled value of Series B Other Technology companies in 2019–2021 (415 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 5.7 yr ago; this sector typically re-raises about every 13 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 89% of Other Technology peers (21302 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: Visual Lease, LLC, Decisions, LLC, Suvoda LLC, SmartRecruiters, Inc., Litify Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.